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Chinese polyester chip trends move higher on Jul 2
03
Jul '12

PTA spot prices rose on July 2 in Shengze chemical fiber market, MEG price increased substantially, semi-dull polyester chips and bright polyester chips moved higher, CDP chip price went up, PET bottle chip prices too climbed.

Acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm prices were under adjustment, CPL price movement was in transient stability, nylon 6 chip price showed a downward trend.

Polyester semi-dull chips were traded at 9,100 Yuan / ton in the spot market in terms of three months acceptance, mainstream transaction was generally around 9,000 Yuan / ton in terms of cash payment.

Bright chips were traded around 9,100 Yuan / ton in terms of three months acceptance, mainstream transaction was generally around 9,000 Yuan / ton in terms of cash payment.

CDP slice was traded around 9,900 Yuan / ton in terms of three months acceptance. PET bottle chips were traded around 9,050 Yuan / ton (to be delivered to buyer's destination).

Overall trading atmosphere of polyester chips in the market was good, trade volume was acceptable.

Fibre2fashion News Desk - China

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